OAKVILLE, ON, Sept. 6, 2018 /PRNewswire/ - Spark
Power Group Inc. (TSX: SPG) (TSX: SPG.WT), parent company to
Spark Power Corp. ("Spark Power"), a leading independent electrical
power services and solutions company, announced the members of its
newly reconstituted Board of Directors (the "Board"). The Board is
comprised of members of Spark Power Corp.'s historical Advisory
Board along with new additions, James F.
O'Neil and Sharon Ranson.
The Spark Power Corp. Advisory Board was originally formed in
December, 2015 to guide the company and its executives on corporate
strategy, operations, and growth. The members of the Advisory Board
were carefully and intentionally selected with the confidence they
would be ideally suited to participate as Board Members in the
institutional setting of a public company. Advisory Board members
now serving on the Board are:
- Larry D. Taylor, CPA, CMA, CMC:
Mr. Taylor is a former Managing Partner at Ernst & Young and a
seasoned financial services executive. He is currently the
President of Taylor Made Solutions based in Toronto and is a CEO Group Leader for CEO
Global Network. Mr. Taylor will also serve as the Board's Chairman
and Chair of the Audit Committee.
- The Honourable Mr. Howard I. Wetston, Q.C.: Mr. Wetston
is a respected public servant and a distinguished lawyer, jurist,
regulator and executive. He is a past Vice-Chair, Chair & CEO
of the Ontario Securities Commission, Chair & CEO of the
Ontario Energy Board, currently serves on the Senate of
Canada (commenced 2016) and is a
retired trial judge of the Federal Court of Canada and ex-officio judge of its Appeal
Division. Mr. Wetston will also serve as the Chair of the Board's
Governance Committee.
- Daniel Péloquin: Mr. Péloquin is the CEO and Managing Partner
at DPC (Daniel Péloquin Consultant). He has been involved in the
manufacturing and exporting of products and services serving the
electrical transmission and distribution industry, and end users
for international markets for close to 35 years.
- Don Morrison: Mr. Morrison is a
seasoned and highly respected financial services executive.
He was most recently the Senior Managing Director and Executive
Vice President, Asset Management and Operations for OMERS Private
Markets, which consists of OMERS Private Equity and Borealis
Infrastructure.
- Joseph D. Quarin: Mr. Quarin was
most recently President and Chief Executive Officer of Progressive
Waste. Under his leadership, the company's revenues grew from
US$100 million to US$2.0 billion through a combination of organic
growth and strategic acquisitions and completed a US$4.8 billion reverse-merger.
- Ron Dizy: Mr. Dizy is the
Managing Director of the Advanced Energy Centre ("the Centre") at
the MaRS Discovery District. Under his leadership, the Centre is
helping the energy system adopt innovation more quickly and capture
new opportunities afforded by new technologies.
In addition, Spark Power is pleased to welcome James F. O'Neil and Sharon Ranson to the Board:
- James (Jim) F. O'Neil is a
veteran executive of the power industry having most recently served
as President, Chief Executive Officer, and Director of Quanta
Services, Inc., a provider of specialty contracting services to the
electric power and oil and gas industries. Under Jim's leadership
as COO and CEO, the company doubled in size, reaching revenues of
US$7.57B. Jim is a member of the
Board of Directors of Akron,
Ohio-based electrical utility, FirstEnergy Corp. (NYSE: FE),
and Hennessy Capital Partners III (NYSE American: HCAC). Jim is
currently the principal owner of Forefront Solutions, LLC,
providing consulting services primarily to the energy
infrastructure industry.
- Sharon Ranson, FCPA, FCA, is a
corporate director and entrepreneur with deep financial expertise
in accounting, capital markets and investments. Currently, Mrs.
Ranson serves as a Director for Sprott Inc. (TSX: SII), Echelon
Financial Holdings (TSX: EFH), the City of Toronto Investment
Board, Continental Bank of Canada,
and Borrowell Inc. She also Chairs the Nominating Committee for the
Public Sector Pension Investment Board (PSPIB) and is on the
Advisory Board for the Smith School of Business at Queen's
University. Mrs. Ranson is President of The Ranson Group
Inc., a company offering coaching and leadership work with senior
and c-suite executives. Mrs. Ranson will also serve as the
Chair of the Board's Compensation Committee.
"We could not be more thrilled to continue to work with these
business leaders and welcome Jim and Sharon to the Spark Power
Board of Directors," said Jason
Sparaga, co-founder and co-CEO, Spark Power Corp. "The
breadth and depth of their expertise spanning not only the power
industries, but also corporate strategy and governance will be an
enormous asset to our company as we pursue our vision of being a
leading provider of integrated power services and solutions to the
North American market."
"Adding Jim and Sharon to the existing strength of our Board of
Directors gives us a tremendous advantage in the market," said
Andrew Clark, co-founder and co-CEO,
Spark Power Corp. "Jim's experience will serve us well as we
expand our footprint into the United
States and Sharon's extensive capabilities in capital
markets will be a great asset to us as we pursue our growth
strategy."
About Spark Power Corp.
Spark Power is a leading independent electrical power services
and solutions company serving more than 6,500 industrial,
commercial, institutional, renewable and agricultural customers, as
well as utility markets including municipalities, universities,
schools and hospitals across North
America. For more information, visit us at
www.sparkpower.ca.
Caution Regarding Forward-Looking Statements
This news release may contain forward-looking statements
(within the meaning of applicable securities laws) which reflect
Spark Power's current expectations regarding future events.
Forward-looking statements are identified by words such as
"believe", "anticipate", "project", "expect", "intend", "plan",
"will", "may", "estimate" and other similar expressions. These
statements are based on Spark Power's expectations, estimates,
forecasts and projections and include, and include, without
limitation, statements regarding the future success of the
Company's business and potential expansion of the business by
Messrs. Sparaga and Clark.
The forward-looking statements in this news release are not
guarantees of future performance and involve risks and
uncertainties that are difficult to control or predict. A number of
factors could cause actual results to differ materially from the
results discussed in the forward-looking statements. Readers,
therefore, should not place undue reliance on any such
forward-looking statements. Further, these forward-looking
statements are made as of the date of this news release and, except
as expressly required by applicable law, Spark Power assumes no
obligation to publicly update or revise any forward-looking
statement, whether as a result of new information, future events or
otherwise.
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SOURCE Spark Power Group Inc.